US stock markets showed a mixed picture on Monday. The Dow was calculated at 44,713.58 points, a 0.65% increase from the previous trading day at the close of trading in New York.
Minutes earlier, the broader S&P 500 was around 6,005 points, a 1.6% decline, while the Nasdaq calculated the Nasdaq 100 at around 21,085 points, a 3.0% decline.
News of Chinese AI competition from the startup DeepSeek is making investors nervous, according to CMC Markets analyst Konstantin Oldenburger. However, “Fundamentally, the DeepSeek news is not just negative to be classified. Rather, it is just shifting the possible winners in the competition for dominance in artificial intelligence” he said.
“It’s not just the costs that are causing concern. This money is already committed and if it turns out to be cheaper in the end, that would be positive for the service providers” Oldenburger added. “It was always about the question of whether the AI demand would match the supply. Now the supply is mature and more and more new providers are entering the market. This shows that demand will rise to fulfill the forecasts and that would be positive for all the involved companies” he argued.
The European common currency was slightly stronger on Monday evening: one euro cost 1.0488 US dollars and one dollar was worth 0.9535 euros.
The gold price fell significantly, with one fine ounce being paid 2,742 US dollars in the evening (-1%), equivalent to a price of 84.05 euros per gram.
Meanwhile, the oil price sank sharply: one barrel of the North Sea Brent type cost around 76.85 US dollars in the evening, a decrease of 165 cents or 2.1% from the close of the previous trading day.